SHIB - REBOUND!!! What's next?

Happy Cold Thirsty Thursday, Traders!

Hope you find value from this post.

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Here's a trading idea.

But firstly...

Quick Disclaimer:
Trade at your own risk. This post/chart is for your reference only, it is not intended as a recommendation, nor is it an advice to sell nor buy this crypto asset, nor to place any trade.
Trading poses a risk of losing some or all of your money and it will be your responsibility if you lose money.

SHIB managed to bounced off the Horizontal 61.8% of the Fib Fan Line and is now headed towards its 12MA and potentially its 21ma around 3012 and further towards the 3060 - key resistance level .

Rejection at the 12MA could push SHIB back down towards the 38.2% Fib Fan Ray Line.

MACD: Bullish Divergence

Stoch RSI: Crossing Bullish , still below the 80 level.

Always remember to place your Stop Loss.

Price action is KING!

Patience and Discipline are KEYS to a successful trade.

Trading is both a Science and an Art.
Develop an intuition and listen to your instinct while following the rules putting emotions aside.
If you have not yet developed it, you will develop this as long as you stay consistent with following
the rules. The skills will become second nature to you much like how you acquire the skill in riding a bicycle.
Soon it will be your subconscious running your trades, again, much like when riding a bicycle
the balancing is controlled by the subconscious part of your brain.


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More power to all your trades, my friends!


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